Jun 22 2007
Boom or Bust
There is no doubt, Costa Rica is booming and its property market is already an unparalleled success story. With the slowdown in the United States, the burning question is, Will it continue?”. There are a great number of factors, including some about to come into play for the first time that will ensure that Costa Rica’s property market success will continue in 2007.
Taking into account that Costa Rica has had an exciting property market for the past decade it is still considered to be an emerging market because of the record gains that are still achievable and also because its real estate market success has not yet been duplicated across the entire country. While it remains an emerging market and yet one stable, secure and with so many factors ensuring its appeal, high gains will be made on properties bought and also on land banked in 2007.
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Costa Rica is an excellent nation to explore for maximum profitability in 2007 consider the following factors:
The IMF has praised the Costa Rican government for doing all it can to facilitate the drafting of a free trade agreement with America, and, also for reining in spending to make the economy stronger and the nation therefore more attractive for foreign direct investment.
Thanks to the government’s commitment FDI is now stronger than ever in Costa Rica, the economy in 2006 grew far stronger than was anticipated and going in to 2007 Costa Rica is in an incredibly strong political and economic position.
“Anyone sitting back and mulling over their options should know that hundreds are going before them and backing Costa Rica as a property investment hotspot in 2007 and beyond. We could be wrong but we don’t think we will be!” source - Amberlamb Overseas Property Investment Resource
